When filing taxes in Canada, when does box 39 get reported as half of box 38? In my case, I got ESPP amount reported in box 38, with box 39 missing in my T4 altogether. According to my accountant, the ...

I'm an international student about to graduate. I never had a work permit, no income, no SIN so never filed tax return before. Stupid enough, I just realized I can use my tuition credit, so can anyone ...

I have a check made out to me (call me John Doe). I'm permanently away from my home country, where I have bank accounts; I'm now in Canada. I'd like to let a friend (call her Jane Doe) pay the check ...

As a Canadian, if I buy US stocks and receive dividends in a non tax sheltered account, then those dividends are not suited for dividend tax credit. Also, if I sell and incur a gain(within 1 yr), do I ...

I am in a lower income bracket, however, like the idea of contributing to an RRSP because any earnings within the plan are tax-exempt.
Is it possible to contribute to my RRSP, but not have it deduct ...

If I buy 100 shares of XYZ at 1 $/share and another 100 shares at 2 $/share and sell all 100 at 3$/share, do I pay tax on:
100*3 - 100*1.5 = 150 $ (i.e is the buy price taken to be the average of my ...

I am 19 years old (in Canada) and have heard that "Low Cost" index funds are a safe and highly profitable way to invest small amounts of money each month.
My aim is to invest every month until I am ...

I am a Canadian citizen (and resident) who did a 4-month internship in California under a TN visa (as a non-resident alien) in 2014. I am filing out form 8843 for tax purposes, and it is asking for ...

I'm currently considering getting a subsidized phone for $0 with a 2 year contract through some Canadian carrier. I'd like to use one of my credit cards that extends the manufacturer warranty up to 2 ...

I am filing taxes in Ontario, Canada, using simpletax.ca which has been a super useful platform. I am struggling to understand how it is calculating my refund, however.
From 2013, I have $16,473 in ...

How many days after your first credit card statement EVER does one get a credit report on file with one of the two Canadian bureaus? I'm trying to develop Canadian credit on my first credit card and I ...

I am living in Canada, and I recently went to http://www.cra-arc.gc.ca/esrvc-srvce/tx/ndvdls/myccnt/menu-eng.html and tried to check my TFSA contribution room for this year. I turned 18 on February ...

For the last decade I've been a freelancer. I had a balance owing two years ago, so last year (2014) I had to pay by installments.
However, on January 1st, 2015, I started as a salaried employee at ...

Wow, wedding services are expensive. But maybe that's just the list price? Maybe we're supposed to say "well this is a great offer but I need you to come down 20% or we're going to use the golf club ...

For a few months in 2014, I was working with an early stage start up and they weren't able to compensate me in any way except the promise of equity when we started.
A month in to my tenure with them, ...

I have a couple thousand dollars of HST compensation to declare on my Ontario Income Tax for a sole proprietor business, but I am not sure specifically how to declare the amount on my taxes as income ...

I trade options on U.S. stocks frequently, several times a month. The income has been taxed as capital gains.
I am quite worried that the CRA could turn around and say that I am operating a business ...

What happens from a tax perspective at retirement time for the sole-owner/employee of a Corporation versus Sole-Proprietorship?
In the case of a Corporation, I assume that the owner pulls money from ...

I am trying to figure out whether it would be beneficial for me to convert my sole-proprietorship to a corporation. In doing my research, I need to figure out how corporations get taxed on dividends ...

The title of the question says it all.
If I detour my $25,000 down payment into my RRSP for a few months to get the tax benefit associated with that, then withdraw it for the HBP, and continue making ...